Shares of PAR Technology Corporation (NYSE:PAR – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $26.1667.
A number of research analysts have issued reports on PAR shares. Benchmark cut their target price on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of PAR Technology from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. UBS Group set a $16.00 target price on shares of PAR Technology in a report on Tuesday, June 9th. Finally, Needham & Company LLC dropped their target price on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 9th.
View Our Latest Report on PAR Technology
Insider Buying and Selling at PAR Technology
Hedge Funds Weigh In On PAR Technology
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAR. FNY Investment Advisers LLC acquired a new position in shares of PAR Technology in the third quarter valued at about $26,000. State of Wyoming bought a new stake in PAR Technology in the 4th quarter valued at about $34,000. Kestra Advisory Services LLC acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $35,000. Central Pacific Bank Trust Division grew its position in shares of PAR Technology by 50.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after purchasing an additional 2,291 shares during the period.
PAR Technology Stock Performance
PAR Technology stock traded up $0.12 on Friday, hitting $16.86. The company’s stock had a trading volume of 425,361 shares, compared to its average volume of 1,192,526. PAR Technology has a one year low of $11.59 and a one year high of $72.15. The firm has a market cap of $695.52 million, a P/E ratio of -9.02 and a beta of 1.32. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $15.37 and a 200-day moving average price of $20.10.
PAR Technology (NYSE:PAR – Get Free Report) last issued its earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company had revenue of $123.97 million for the quarter, compared to the consensus estimate of $116.88 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts anticipate that PAR Technology will post -0.16 earnings per share for the current year.
PAR Technology Company Profile
PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.
Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.
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